In which columns of a work sheet would the adjusted balance of Accumulated Depreciation appear? Select...
In which columns of a work sheet would the adjusted balance of Accumulated Depreciation appear?
Select one:
a. Adjusted Trial Balance Credit, Balance Sheet Debit
b. Adjusted Trial Balance Credit, Balance Sheet Credit
c. Adjusted Trial Balance Credit, Income Statement Credit
d. Adjusted Trial Balance Debit, Balance Sheet Debit
e. Trial Balance Debit, Adjusted Trial Balance Debit
Homework Answers
The adjusted balance of accumulated depreciation appears,
b. Adjusted Trail Balance Credit, Balance Sheet Credit.
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In which columns of a work sheet would the adjusted balance of
Accumulated Depreciation appear?
Select...
Worksheet The adjusted trial balance columns of a worksheet for Frankfurt Corporation are shown below. The...
Worksheet The adjusted trial balance columns of a worksheet for Frankfurt Corporation are shown below. The worksheet is prepared for the year ended December 31 Cash Accounts Receivable Equipment Accumulated Depreciation Notes Payable Common Stock Retained Earnings Cash Dividends Service Fees Eamed Rent Expense Salaries Experte Depreciation Expense Totals Adjusted Trial Balance Debit Credit $32.000 34.500 78.000 $42,000 10,000 43,000 38,600 8.000 99.000 36,000 37.100 7.000 $232,600 $212,600 . Complete the worksheet by (a) entering the adjusted trial balance. (b)...
The adjusted trial balance columns of a worksheet for Levitt Corporation are shown below. The worksheet...
The adjusted trial balance columns of a worksheet for Levitt Corporation are shown below. The worksheet is prepared for the year ended December 31 Adjusted Trial Balance Debit Credit 516.000 Accounts Receivable 1R SCO Equipment Accumulated Depreciation 524000 Notes Payable 16.000 Common stock 1000 20.000 Cash Dividends 3.000 Service Fees Earned 79.000 Rent Expense 18.00 Salaries Expense 37.100 Depredationen 9,000 To 5182/600 $182.00 Complete the worksheet by (a) entering the adjusted trial balance. (b) putting in the worksheet income statement...
After the Adjusted Trial Balance columns of a work sheet have been totaled, which account balances...
After the Adjusted Trial Balance columns of a work sheet have been totaled, which account balances are extended to the Income Statement columns, the Statement of Retained Earnings columns, and the Balance Sheet columns?
Which of the following accounts would appear on the balance sheet of a company? Select all...
Which of the following accounts would appear on the balance sheet of a company? Select all that apply. Select one or more: a. Salaries expense b. Unearned revenue c. Prepaid expenses d. Accumulated depreciation e. Cash
19. Which columns of a work sheet are used to compile the financial statements? a) Income...
19. Which columns of a work sheet are used to compile the financial statements? a) Income Statement Columns, b) Balance Sheet Columns. c) Trial Balance Columns. d) You can do them with the Adjusted Trial Balance Columns.
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Goulet...
The following selected accounts appear in the adjusted trial balance columns of the worksheet for Goulet Company. Identify the accounts that would be included in a post-closing trial balance. Accumulated Depreciation—Equipment NoYes Depreciation Expense NoYes Common Stock YesNo Dividends YesNo Service Revenue NoYes Supplies YesNo Accounts Payable NoYes
EXERCISE 4-1 LO 2 Practice Exercise 2 1. List the following classifications of accounts in all...
EXERCISE 4-1 LO 2 Practice Exercise 2 1. List the following classifications of accounts in all of the columns in which they appear on the work sheet, with the exception of the Adjustments columns. (Example: Assets) Assets Capital Accumulated Depreciation Drawing (with previous balance) Revenue Liabilities Expenses 2. List Net Income in the appropriate columns Show HOW B 4 с D 5 ACCOUNT NAME TRIAL BALANCE DEBIT CREDIT Ascots ADJUSTMENTS DEDIT CREDIT ADJUSTED TRIAL BALANCE DEBIT CREDIT INCOME STATEMENT DEBIT...
The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Complete the...
The adjusted trial balance columns of the worksheet for
Bridgeport Company are as follows.
Complete the worksheet.
Exercise 4-02 The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Complete the worksheet. Bridgeport Company Worksheet (Partial) Balance Sheet Adjusted Trial Balance Cr. Income Statement Dr. Cr. Account Titles Dr. Cash 10,600 Accounts Receivable 7,100 Prepaid Rent 2,200 Equipment 23,200 Accumulated Depreciation-Equip. 4,600 Notes Payable 5,900 Accounts Payable 4,800 Common Stock 20,400 Retained Earnings 7,750 Dividends 3,400...
If the beginning balance of the Accumulated Depreciation Equipment account is $10,000 and an adjusting journal...
If the beginning balance of the Accumulated Depreciation Equipment account is $10,000 and an adjusting journal entry is recorded for depreciation on the equipment for $2,500, the balance of the accumulated depreciation account after the entry is recorded will be Once the adjusted trial balance is balanced, it can be used to prepare O a. the dassified balance sheet and the income statement only. b. the classified balance sheet only. 1 c. the income statement, the statement of owner's equity,...
2. Use the following adjustment information to complete the Adjustments columns of the work sheet. a....
2. Use the following adjustment information to complete the Adjustments columns of the work sheet.a. Depreciation on equipment, $8b. Accrued salaries, $11C. The $17 of unearned revenue has been earnedd. Supplies available at December 31, $40e. Expired insurance, $203. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns including net income.
Worksheet The adjusted trial balance columns of a worksheet for Frankfurt Corporation are shown below. The worksheet is prepared for the year ended December 31 Cash Accounts Receivable Equipment Accumulated Depreciation Notes Payable Common Stock Retained Earnings Cash Dividends Service Fees Eamed Rent Expense Salaries Experte Depreciation Expense Totals Adjusted Trial Balance Debit Credit $32.000 34.500 78.000 $42,000 10,000 43,000 38,600 8.000 99.000 36,000 37.100 7.000 $232,600 $212,600 . Complete the worksheet by (a) entering the adjusted trial balance. (b)...
The adjusted trial balance columns of a worksheet for Levitt Corporation are shown below. The worksheet is prepared for the year ended December 31 Adjusted Trial Balance Debit Credit 516.000 Accounts Receivable 1R SCO Equipment Accumulated Depreciation 524000 Notes Payable 16.000 Common stock 1000 20.000 Cash Dividends 3.000 Service Fees Earned 79.000 Rent Expense 18.00 Salaries Expense 37.100 Depredationen 9,000 To 5182/600 $182.00 Complete the worksheet by (a) entering the adjusted trial balance. (b) putting in the worksheet income statement...
19. Which columns of a work sheet are used to compile the financial statements? a) Income Statement Columns, b) Balance Sheet Columns. c) Trial Balance Columns. d) You can do them with the Adjusted Trial Balance Columns.
EXERCISE 4-1 LO 2 Practice Exercise 2 1. List the following classifications of accounts in all of the columns in which they appear on the work sheet, with the exception of the Adjustments columns. (Example: Assets) Assets Capital Accumulated Depreciation Drawing (with previous balance) Revenue Liabilities Expenses 2. List Net Income in the appropriate columns Show HOW B 4 с D 5 ACCOUNT NAME TRIAL BALANCE DEBIT CREDIT Ascots ADJUSTMENTS DEDIT CREDIT ADJUSTED TRIAL BALANCE DEBIT CREDIT INCOME STATEMENT DEBIT...
The adjusted trial balance columns of the worksheet for
Bridgeport Company are as follows.
Complete the worksheet.
Exercise 4-02 The adjusted trial balance columns of the worksheet for Bridgeport Company are as follows. Complete the worksheet. Bridgeport Company Worksheet (Partial) Balance Sheet Adjusted Trial Balance Cr. Income Statement Dr. Cr. Account Titles Dr. Cash 10,600 Accounts Receivable 7,100 Prepaid Rent 2,200 Equipment 23,200 Accumulated Depreciation-Equip. 4,600 Notes Payable 5,900 Accounts Payable 4,800 Common Stock 20,400 Retained Earnings 7,750 Dividends 3,400...
If the beginning balance of the Accumulated Depreciation Equipment account is $10,000 and an adjusting journal entry is recorded for depreciation on the equipment for $2,500, the balance of the accumulated depreciation account after the entry is recorded will be Once the adjusted trial balance is balanced, it can be used to prepare O a. the dassified balance sheet and the income statement only. b. the classified balance sheet only. 1 c. the income statement, the statement of owner's equity,...
2. Use the following adjustment information to complete the Adjustments columns of the work sheet.a. Depreciation on equipment, $8b. Accrued salaries, $11C. The $17 of unearned revenue has been earnedd. Supplies available at December 31, $40e. Expired insurance, $203. Extend the balances in the Adjusted Trial Balance columns of the work sheet to the proper financial statement columns. Compute totals for those columns including net income.
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